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Tesla, Chevron, ServiceNow, Levi Strauss, IBM and more

A customer refuels at a Chevron gas station above $4 per gallon in Seattle, Washington, USA on Monday, March 7, 2022.

David Ryder | Bloomberg | Getty Images

Check out companies that make post-call headlines.

Tesla — Shares rose 0.4% in volatile trading after the electric car maker reported fourth-quarter earnings and revenue that beat analysts’ expectations. However, Tesla’s gross profit was at its lowest level in five quarters.

Chevron — Shares rose 2.7% after the oil company announced a $75 billion share buyback program.

ServiceNow — Software shares fell 4% after ServiceNow released its latest quarterly data. ServiceNow reported earnings per share of $2.28, beating Refinitiv’s guidance of $2.02 per share. Meanwhile, revenue was in line with the consensus estimate of $1.94 billion.

Levi Strauss — The denim company jumped 7% after its fourth-quarter earnings and revenue came in above expectations. The company also shared a full-year forecast of earnings per share of $1.30 to $1.40, compared to StreetAccount’s estimate of $1.35.

Las Vegas Sands — The casino operator’s shares rose more than 4% after the release of Las Vegas Sands’ latest quarterly results. The company lost 19 cents per share on $1.12 billion in revenue. Analysts were expecting a loss of 9 cents per share on revenue of $1.18 billion. However, the company’s adjusted EBITDA of $329 million beat StreetAccount’s estimate of $319 million.

International Business Machines IBM beat quarterly earnings and revenue guidance, but shares fell more than 2%. The company’s management said it expects constant currency revenue for 2023 to be in line with its mid-digit model. IBM also said it would cut nearly 4,000 jobs, or roughly 1.5% of its workforce.

COAG — CSX reported earnings and earnings that beat analysts’ expectations, but shares fell 0.2%. The railroad company earned 49 cents per share on $3.73 billion in revenue. Analysts polled by Refinitiv had expected earnings of 46 cents per share on $3.72 billion in revenue.


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